2. Jeffrey Fry
CEO / President
jxf@wellbeyondcare.com
(512) 632-3080
wellbeyondcare.com
(844)-4WB-CARE
(844)-492-2273
August 20, 2018
3.
4. U.S. In Home Private Duty Market Size, 2014
$120 Billion
5. U.S. In Home Private Duty Market Size, 2020
$120 Billion$180 Billion
6. So, What is Well Beyond Care Anyway?
Well Beyond Care (WBC)
offers an innovative
online solution
that is a superior
alternative to private
duty agencies or
other caregiver options
7. Agencies versus On Line Private Duty, 2014
Private Duty
Agencies
On Line Service
Mostly Craigslist thus far
Caregiver works
for Careseeker
Little Quality Control or
Accountability
Well Beyond Care
Will Control this Space
Maximize Safety, Quality,
and Value to both
Careseeker and Caregiver
5%
95%
Mostly Franchisees
Caregiver works
for Agency
Agencies Licensed
by State
Highly Regulated
High Costs
$120 Billion
Market
7.2 Million People
8. $220 Billion
Market
10 Million People
Private Duty
Agencies
On Line Services
Agencies versus On Line Private Duty, 2024
80%20%
Only the Most
Efficient will
Survive
Well Beyond Care
Will be
MARKET LEADER
In this Space
10. Strategic Long Term Competitive Advantage
Save Careseekers between $200 to $600 per week in direct
caregiving cost verses private duty agencies
Nurse network used as our marketing, sales, caregiver
management, and customer service
Cost structure that minimizes customer acquisition expense and
drives growth and profitability
Maximizing caregiver compensation while reducing cost of care
and effectively matching Careseeker and Caregiver eliminates
the two chronic difficulties in the Private Duty Care space:
Truancy & Turnover
Well Beyond Care model not subject to State regulations, with
less liability for care delivery (careseeker employs caregiver)
11. Traction:
CARESEEKERS
890 Accounts
182 Active
11 Care-Pairs
SOFT LAUNCH
September 2017
HARD LAUNCH
February 2018CAREGIVERS
6,500 Accounts
3,900 Active
NURSES
27 Active
7 In Training
40 Pending
12. Adding 5 Careseekers / Day
Operating in 49 States / US
Territories
Located in 330 Cities / Towns
890 Careseeker Accounts
182 Active Careseekers
11 Care-Pairs (revenues)
Profitable at 200 Care-Pairs
Scalability of Concept
13. We charge $3/hour for every hour of care
Our margin dollars is at $1.80 per hour
Profitable at 200 Care-Pairs
(Careseekers paying for care)
Sell Once, Bill Often
15. Competition / Comparables
Company $ Amount/Type Notes / Comments
HomeTeam $43.5MM (Series B)
Operates around NYC and on the East Coast, operates as an online
private duty agency. (www.hometeamcare.com)
Honor $115MM (Series C)
Operates like HomeTeam, but out of California (Andreesen
invested in them) website: joinhonor.com (market cap: $1 Billion)
Care.com $156MM (IPO)
Focused on directed care (babysitting, nanny, pet sitting) and have
abandoned elder care. They are the first mover in this space
www.care.com (market cap: $703MM)
Kindly Care $9.5MM (VC)
A caregiver matching company that tries to fashion itself as the
UBER of Caregiving. (market cap: $100MM)
Carelinx $5MM (VC)
A regional company. They want to be the Facebook for caregivers,
mostly in California and West Coast, www.carelinx.com
CareFamily $5.2MM (VC)
A regional company. Provides medication and senior care
assessment services in the VA/DC area, carefamily.com
65,000 people retire every week, people are living longer, care needs are becoming more severe and complicated, adult children do not live close, and it is expensive to go into assisted living.
95% of this market is private duty, the rest online
If done right we can eat a large chunk of this industry by then.
Bottom line, we save families between $10K and $30K per year in caregiver cost, eliminate truancy, take care of all the issues and keep everyone informed.